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The establishment of LexCorp by Lex Luthor is a stark departure from earlier portrayals of the company's founder, transitioning the character from a warlord and would-be dictator into a power-mad business magnate. LexCorp was founded primarily to serve as a front to Lex Luthor's criminal enterprise while simultaneously being a symbol of Luthor's victory over Superman, as Luthor values defeating the Superman over financial gain (illustrated by abandoning a hollow victory after plundering Fort Knox).[1] Luthor intends to convert LexCorp into a legitimate operation after his retirement from crime, and in the future it is shown being a highly successful non-criminal enterprise, to Superman's pleasure.[2]

LexCorp was originally organized as an aerospace engineering firm started in the top floor offices of the Daily Planet building in Metropolis, and has since become one of the world's largest, most diversified multinational conglomerates.

The company grew by acquisition, starting with struggling airlines "Inter-Continental Airlines" and "Atlantic Coast Air Systems", renaming them to "LexAir". When rising profits were threatened by fuel shortages, LexCorp bought out Southwestern Petroleum and renamed it "LexOil". This pattern of acquisition continued to include the Daily Planet and several Metropolis businesses before LexCorp sold the unprofitable Daily Planet and its building to TransNational Enterprises, establishing an L-shaped 96-story high-rise as its new headquarters.

LexCorp grew rapidly into a diverse international conglomerate with interests in utilities, waste management, industrial manufacturing, computer hardware and software, chemicals, retail, bio-engineering, weapons, pharmaceuticals, oil, communications, airlines, real estate, hotels, restaurants, technology, media, financial services, robotics, security, transportation, satellites, stock brokerage houses, cash businesses, and food. By the timeframe of the Alliance Invasion it was estimated that LexCorp either directly or indirectly employed nearly two-thirds of Metropolis' population of 11 million people, dominating commerce around much of the world. Among those many subsidiaries are such diverse businesses as Advanced Research Laboratories, Secur-Corp Armored Car Service, North American Robotics, Hell's Gate Disposal Services, and the Good Foods Group, owners of Ralli's Family Restaurants and the Koul-Brau Breweries. LexCorp's major subsidiary companies include LexComp, LexChemical, LexEl Investments, LexMart, LexComm, FedLex, LexOil, LexAir, and TelLex.[3]

When CEO Lex Luthor was elected President of the United States, Talia al Ghul took over the company, who donated a large portion of its profits to the Wayne Foundation during Superman and Batman's year-long absences.[4] Following his dismissal as president he fired her and took back his place, though she secretly kept a portion of stock.

Following Luthor's public acquittal from criminal charges Lana Lang became LexCorp's new CEO[6] and LexCorp began its decline.[7] Lana Lang was dismissed from her post due to a contractual clause in all LexCorp employment charters forbidding aiding Superman in any way, after she attempted to use a LexCorp security unit to aid Superman in a battle against Atlas.[8]

A year after the events of Infinite Crisis, Lex Luthor had been stripped of his wealth and assets; LexCorp was dissolved and sold off to several competitors, most notably to Wayne Enterprises.

Lex Luthor secretly owns the powerful and legitimate Thunder Corporation which he controls through a false identity,[9] maintaining the illusion of the chairman/principal stockholder "Lucius D. Tommytown" through fake magazine articles and actors because he thought himself too honest to be anything but a criminal. The Thunder Corporation headquarters "Zephrymore Building" fronts Lex Luthor's criminal operations and penthouse.

The major conglomerate featured regularly on Smallville is LuthorCorp, an agricultural conglomerate which was founded by Lionel Luthor. Following Lionel's incarceration in the fourth season, LuthorCorp comes under Lex's control and gradually turns into a corporation with several subsidiaries and divisions. In the series finale, the LuthorCorp tower is damaged by several explosions which disfigure the corporate logo on the side of the building, with the scarred remains spelling out "LexCorp".

In the cartoon Krypto the Superdog, LexCorp is shown to be the home of Luthor's pet lizard Ignatius.

In The Batman, LexCorp is shown in the two part episode "The Superman/Batman Story."

In season 2 of Supergirl, LexCorp appears under the name "Luthor Corp". Lex Luthor's sister Lena takes over the company after Lex's imprisonment and renames it to "L-Corp" to distance the company from her brother's reputation. This also makes her the target of assassin John Corben, whom Lex hires to assassinate her.[11][12]

In the third episode of Powerless, the team of Wayne Security loses their contract with Ace Chemicals due to their own CEO's incompetence. The CEO of Ace Chemicals decides to go with LexCorp instead.

LexCorp appears in Lego Batman 2: DC Super Heroes. In this adaptation, LexCorp is featured as the main area for the level Research and Development. In addition, robots called LexBots are frequent enemies in the game as well as playable characters. "LexCorp Security" and "LexCorp Heavy" are also two minor playable characters in the handheld versions of the game.

LexCorp is referenced in Batman: Arkham Origins. In Penguin's office, there list of companies including LexCorp. Two of LexCorp subsidiaries, Big Belly Burger and Koul-Brau Breweries, appear in the game.